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FinTechs belonging to this category operate trading platforms or online marketplaces for investment opportunities or certain financial contracts – e.g. securities, factoring etc. and sometimes furthermore provide contact to financial experts and tools for the decision-making.
FinTech-signalling and social trading platforms provide users with the opportunity to exchange opinions on financial investments and offer signal providers and traders the possibility to make their securities portfolio publicly visible. This way the portfolios can be linked to and followed by other traders via the platform automatically, so that the trading and investment strategy of the followed traders can be copied.
The platform often cooperates with a financial services provider or a credit institution where both the trader and the follower hold their securities accounts, and which execute the orders both of the trader and the follower and to which the platform passes on the trading decisions.
Introduction
Attitude of the country towards trading, social trading or signalling platforms
In recent years, Russia, like many other countries, has witnessed the growth in popularity of trading platforms and online marketplaces for trading financial instruments. At the same time, there has been an increase in the availability of various investment services. This growth is associated with the development of digital technologies, internet accessibility and heightened interest in investments among the population. Typically, such services are associated with the provision of diverse information about financial instruments, including price changes, price forecasting, technical chart modeling, consulting, etc. Furthermore, some services offer the ability to analyze investment strategies and portfolios of other investors, and in some cases, even replicate them.
Currently, Russia hosts a range of platforms offering online investment services, including brokerage services, trading tools, educational resources, and analytical support. Some of them are developed by domestic financial companies (such as banks), while others are the products of foreign companies.
Legal affairs
Obligations and requirements to provide trading, social trading or signalling platforms described above
In Russia, trading platforms, social trading platforms and signalling platforms offer their services without the need to obtain any specific license. However, some of these platforms may require accreditation. In particular, programs that provide individual investment recommendations (including auto-consulting and auto-tracking) require accreditation in accordance with the law. Since 2019, accreditation has been carried out by the National Association of Stock Market Participants and the self-regulatory organization "National Financial Association".
Additional comments regarding the legal situation for trading, social trading or signalling platforms or what FinTech’s must be aware of in this business area
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Economic conditions
Market size for trading, social trading or signalling platforms and biggest companies in this business area